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The Amazon.com Store Card Credit Builder could be a good way to rebuild your credit. Just make sure that your payment information is up to date and all your bills are always paid on time. You may want to take special care to make sure that your payments for this card go through, because Synchrony, the issuing bank, has a reputation for having some issues with payments.
The information related to Amazon Business American Express Card and Amazon Business Prime American Express Card have been collected by Credit Card Insider and have not been reviewed or provided by the issuer or provider of these products.
You can’t apply for this Amazon credit card directly. Instead you must apply for the unsecured Amazon.com Store Card — and if you don’t qualify for that card, then Synchrony, the card issuer, will automatically consider you for the secured version.
If approved for the Amazon.com Store Card Credit Builder, you’ll need to provide a security deposit of at least $100. Your credit limit will be equal to the amount you deposit. To make your security deposit you can visit https://www.amazon.com/creditbuilder.
Cardholders with Amazon Prime memberships will automatically be given the Amazon Prime Store Card Credit Builder card, which earns 5% cash back on Amazon purchases when special financing is declined. Other than that all the terms and features are the same.
You can also choose deferred interest financing offers for eligible purchases of $149 and more:
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Take note that deferred financing offers are risky, because if you make a late payment or fail to pay off the full balance by the end of the term, you’ll immediately be charged interest on the starting balance for the entire length of the term. Learn more about deferred interest financing and how to use these offers safely.
And there are also Equal Pay financing offers, which allow you to pay over time at no interest as long as you pay off the financed balance in 12 equal payments. These are better than deferred interest offers because there’s no retroactive interest. You can learn more about the Equal Pay financing offers here.
You have a chance to upgrade from this secured card to the unsecured Amazon.com Store Card (or Prime Store Card). According to Amazon, some of the criteria used to determine upgrades are: